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Feb 28, 2014
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the tax gap is a continuing challenge. the assessment is the tax gap is $450 billion annually. most of this amount, $376 million, is attributable to taxpayers underreporting their tax liability. the law provides certain new reporting requirements including merchant card reporting and fraud account reporting to help the irs identified and reported income. evaluating implementation of these requirements this year. implementation of tax law changes associated with the affordable care act will prevent many changes for the irs and the coming years. the affordable care act provides refundable tax credit known as the premium tax credit to offset an individual's health insurance expenses. as with other refundable credits there is the risk of improper payment. further, in september of 2013 we reported that a fraud mitigation strategy is not in place to guide affordable care systems, testing, initial deployment and long-term operations. the irs informed me new systems -- two new systems, but until these new systems are successfully developed and tested, there is concern that the irs exis
the tax gap is a continuing challenge. the assessment is the tax gap is $450 billion annually. most of this amount, $376 million, is attributable to taxpayers underreporting their tax liability. the law provides certain new reporting requirements including merchant card reporting and fraud account reporting to help the irs identified and reported income. evaluating implementation of these requirements this year. implementation of tax law changes associated with the affordable care act will...
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Mar 1, 2014
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part of the tax code. the problem for some organizations is that if they do this they will have to disclose who the donors are as opposed to being registered under 501 c4, where you don't have to disclose who funds you, even though these groups could be registered, they don't want to do so because they would have to disclose their donors. am i correct in that? >> that's correct. >> not putting you in a spot where you have to try to figure out what happened in the past. was that part of the problem that people were doing this and therefore there had to be some scrutiny, and maybe the scrutiny went overboard? >> i have not spent a lot of time working backwards because we have six investigations going on. there was an increase after 2010 were organizations put money in public discussion debate, so the volume went up and became more visible. for a long time no one paid much attention because most of these organizations were not particularly going forward. if the process is clear, people who meet the process ou
part of the tax code. the problem for some organizations is that if they do this they will have to disclose who the donors are as opposed to being registered under 501 c4, where you don't have to disclose who funds you, even though these groups could be registered, they don't want to do so because they would have to disclose their donors. am i correct in that? >> that's correct. >> not putting you in a spot where you have to try to figure out what happened in the past. was that part...
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Feb 27, 2014
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part of the tax code. the problem for some organizations is that if they do this they will have to disclose who the donors are as opposed to being registered under 501 c4, where you don't have to disclose who funds you, even though these groups could be registered, they don't want to do so because they would have to disclose their donors. am i correct in that? >> that's correct. >> not putting you in a spot where you have to try to figure out what happened in the past. was that part of the problem that people were doing this and therefore there had to be some scrutiny, and maybe the scrutiny went overboard? >> i have not spent a lot of time working backwards because we have six investigations going on. there was an increase after 2010 ine organizations put money public discussion debate, so the volume went up and became more visible. for a long time no one paid much attention because most of these organizations were not going forward. if the process is clear, people who meet the process ought to be able to
part of the tax code. the problem for some organizations is that if they do this they will have to disclose who the donors are as opposed to being registered under 501 c4, where you don't have to disclose who funds you, even though these groups could be registered, they don't want to do so because they would have to disclose their donors. am i correct in that? >> that's correct. >> not putting you in a spot where you have to try to figure out what happened in the past. was that part...
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Mar 2, 2014
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so we need economic growth, not new taxes. new taxes will make it harder to grow the economy. second we know because the congressional budget office just told us a week or so ago that we have record levels of debt and growing levels of debt. another $10 trillion added to our debt in the next ten years. we get backed up to a trillion dollars a year in deficits during that time period. so we though those two things. and, yet, the president saying, no, we're going to put more taxes on the economy. we're not going to deal with the debt and deficit. >> let me bring in, because we have limited time, let me bring in congressman vanholland. the reason we can afford new spending is because the deficit is going down. that only tells part of the story. according to the budget office, the deficit does drop this year and next. but then if you look in the outyears, it starts to go up again and reaches over $1 trillion again by 2022. >> well, that's right. i can just say a quick word on the u-turn response in the earlier section. i think we're 48 hours near an international crisis. i would h
so we need economic growth, not new taxes. new taxes will make it harder to grow the economy. second we know because the congressional budget office just told us a week or so ago that we have record levels of debt and growing levels of debt. another $10 trillion added to our debt in the next ten years. we get backed up to a trillion dollars a year in deficits during that time period. so we though those two things. and, yet, the president saying, no, we're going to put more taxes on the economy....
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Feb 28, 2014
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time tax. the thing that has been the focus of a lot of external setting is their idea of pre populating return forms getting information and repopulate in it for the irs to even file your return for you which is what a lot of people have talked about as being the real tax threat. it would take a long time to be able to do that. we do have work going on to try to figure out to get better third-party information into our system earlier so that we actually matchup tax returns ride in the theft or engage in audits and have more data available in a more timely manner. right now we don't get the social security or w-2 forms or the 1099 forms until late in the spring which does not do much much good. so some people internally have called that a real time tax system, but has nothing to do with the program you're talking about. there's no program that i know of going florida and we don't intend to do anything like that. >> of the court to working with the commissioner on these two areas. >> thank you.
time tax. the thing that has been the focus of a lot of external setting is their idea of pre populating return forms getting information and repopulate in it for the irs to even file your return for you which is what a lot of people have talked about as being the real tax threat. it would take a long time to be able to do that. we do have work going on to try to figure out to get better third-party information into our system earlier so that we actually matchup tax returns ride in the theft or...
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Feb 27, 2014
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tax evasion. is that correct that yours swiss bankers work with both of these outside intermediaries to help u.s. citizens set up offshore shell entities and to open accounts in your bank in switzerland in the name of those entities and set up in their own names? >> yes in some instances they did. >> and they were called intermediaries, right? i mean that is one of the names they were called. >> i'm not sure. fiduciaries. >> so anonymous with intermediaries, would you agree xp they sound very similar, yes. >> no the bank has acknowledge that it has also worked with other intermediaries. can you tell us who they were? besides these two. can you tell us what other intermediaries or what was the name you used? fiduciaries that the bank worked with to do what i just described, to help u.s. clients set up, this is the egregious conduct you were talking about mr. dougan to set up offshore shell entities and open accounts in your bank in switzerland in the name of those entities instead of their own name
tax evasion. is that correct that yours swiss bankers work with both of these outside intermediaries to help u.s. citizens set up offshore shell entities and to open accounts in your bank in switzerland in the name of those entities and set up in their own names? >> yes in some instances they did. >> and they were called intermediaries, right? i mean that is one of the names they were called. >> i'm not sure. fiduciaries. >> so anonymous with intermediaries, would you...
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Feb 27, 2014
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called real time tax. the thing that's been the focus external is the idea of could we populate a return form, prepopulate so you could look at and it make decisions or the i.r.s. could time your a lot for u. that's what of people have talked about as being the real time tax. we're not doing anything with that. it would take a long time to be able to do that. we do have work going onto betterout how to get third party information into our system earlier, so as we actually match up tax returns for identity theft or engage in datas, we'll have more available in a more timely manner. right now we don't get the w2 from social security or the 1099 forms until late in the doesn't do us much good as everybody is filing in january or february. so some people internally have called that a real time tax system, but it has nothing to do with the program you're talking about. have no program going forward that i know of and certainly don't intend to do anything like that without you.ng to >> thank you, i look forward
called real time tax. the thing that's been the focus external is the idea of could we populate a return form, prepopulate so you could look at and it make decisions or the i.r.s. could time your a lot for u. that's what of people have talked about as being the real time tax. we're not doing anything with that. it would take a long time to be able to do that. we do have work going onto betterout how to get third party information into our system earlier, so as we actually match up tax returns...
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Mar 2, 2014
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tax code is 70,000 pages long. in 1986, it was 26 pages long. so if that doesn't signal that something is wrong, i don't think we have any evidence. on top of that, the irs, according to dave camp, the irs erroneously sent $132 billion to taxpayer money to false, fraudulent claimants over the last ten years. and on top of that, you know, a tax code should encourage innovation. and investment. and discipline. >> danelle, that last point is where i pick up. i think the focus here on this reform is simplification, as mary suggests. but it's also growth. we need a tax code that doesn't retard the economy but enhanced it. and more incentive to do so in places that really increase productivity. i think this goes a big step in that direction. not perfect, but a big step in that direction? >> for sure. i've taken a look at some provisions and let me say it's not going to put tax accountants out of business. >> no, that's a dream. >> it's simple. but it's not simple. another one of this thing does is reduce the corporate rate to 25%. >> which is 35%. clo
tax code is 70,000 pages long. in 1986, it was 26 pages long. so if that doesn't signal that something is wrong, i don't think we have any evidence. on top of that, the irs, according to dave camp, the irs erroneously sent $132 billion to taxpayer money to false, fraudulent claimants over the last ten years. and on top of that, you know, a tax code should encourage innovation. and investment. and discipline. >> danelle, that last point is where i pick up. i think the focus here on this...
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Feb 26, 2014
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>> and some people call it a tax. no, no. it is not a nice word. you don't like tax. it is shared responsibility payment. it is your responsibility and mine and theires is going to help you share your dollars with the rest of the country. so now the irs is helping you a long. >> srp. shared responsibility payment. that is what it is. >> melissa, how do they it collect it? >> with more agents. if you are getting a return from the irs they will deduct it. right out of the gate the treasury department said they will need 2,000 more agents. and what is going to be trucky is the folks who don't foil a tax return. >> seniors don't have to and young people. that group of young people who don't have a income and trying to decide if they want to get insurance or pay a penamenty. and that is through the tax return and earning an income. it just means many, many more irs agents in our future. >> the only way they can exize the tax or penalty are getting it on the taxes and they with hold the money. at the same time the irs holds the liability. i haven't owed the irs. and that is
>> and some people call it a tax. no, no. it is not a nice word. you don't like tax. it is shared responsibility payment. it is your responsibility and mine and theires is going to help you share your dollars with the rest of the country. so now the irs is helping you a long. >> srp. shared responsibility payment. that is what it is. >> melissa, how do they it collect it? >> with more agents. if you are getting a return from the irs they will deduct it. right out of the...
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Mar 6, 2014
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court on the issue of whether citizens united overturning the ban on corporate spending applies to tax-exempt rules. counsel and duty need to be on this one please. cinci should probably not, all in caps, have these cases. what did you mean by cinci should not have these cases? >> on the advice of my counsel, i respectfully exercise my fifth amendment right and decline to answer the question. >> ms. learner, why would you say tea party cases were very dangerous? >> on the advice of my counsel, i respectfully exercise my fifth amendment right and decline to answer the question. >> ms. learner in september 2010 you e-mailed your subordinates about initiating a parenthesis c-4 project and wrote,que need to be cautious so it isn't a per se political project. why were you worried about this being perceived as a political project? >> on the advice of my counsel, i respectfully exercise my fifth amendment right and decline to answer that question. >> you will see more of learner's controversial e-mails in just a minute. but now, the clash of the titan. moments after she pleaded the right, issa cutti
court on the issue of whether citizens united overturning the ban on corporate spending applies to tax-exempt rules. counsel and duty need to be on this one please. cinci should probably not, all in caps, have these cases. what did you mean by cinci should not have these cases? >> on the advice of my counsel, i respectfully exercise my fifth amendment right and decline to answer the question. >> ms. learner, why would you say tea party cases were very dangerous? >> on the...
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Feb 28, 2014
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taxes, my friends bobby have many tea party hispanics who are americans first. san antonio. then, of course, my very good friend and champion of conservative causes, senator ted crews. [applause] did was elected the appearance he was hispanic or because he was an american. i am proud to be of mexican descent, but i am much more prone to be an american. come bless america. thank you. [applause] ♪ >> ladies and gentlemen, please welcome organizer of the washington blue print, with the heart's load. >> i am from seattle. what is seattle known for? that is actually a good answer. a rain. we are known for starbucks know the seattle seahawks. what else is seattle known for? an incubator of national movements and trends. people think washington state is the blue, but it is not. it is purple. three years ago are read the book called the colorado blue print. some of you may be familiar with it. it is about four individuals put a plan together to change color of from red to blue. and sure you're thinking now, why is he so excited but this? well, because we can do that here. the wash
taxes, my friends bobby have many tea party hispanics who are americans first. san antonio. then, of course, my very good friend and champion of conservative causes, senator ted crews. [applause] did was elected the appearance he was hispanic or because he was an american. i am proud to be of mexican descent, but i am much more prone to be an american. come bless america. thank you. [applause] ♪ >> ladies and gentlemen, please welcome organizer of the washington blue print, with the...
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and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com lou: the highest paid internships no longer on wall street. that is small money. real internships are in silicon valley. if you are lucky to intern and a computer software company you will make more than $7,000 per month. that is the internship or $84,000 a movie if you need me to compute that you do not need the job. vm where has the second most lucrative followed by twitter. investors catching their breath after two days of volatility over the ukraine my next guest says what happens in ukraine have been right now with investors holding services chairman harvey, a great to see you. i have not seen this kind of flip on geopolitical this i cannot remember the last time this quick and decisive what will happen now? what is the play for investors they have a lot of stomach and enough money? >> it is a bull market when j.d. merry collapsed it should have gone up but people got really
and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com lou: the highest paid internships no longer on wall street. that is small money. real internships are in silicon valley. if you are lucky to intern and a computer software company you will make more than $7,000 per month. that is the internship or $84,000 a movie if you need me to compute that you do...
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and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com if you have a buness idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reali. start your business today with legalzoom. lou: a least one place the united states and russia get along. aboard the international space station the ukraine crisis has little effect on the one american and two cosmonauts one is caribbean does -- scheduled to depart on monday. charles -- saying right now everything is nominal with our relationship with the russian speaking only in terms of the space agency. tom jones says it is important not to keep it a political issues. >> what they lack is the control software we use 2. and never and controlled the station so they would not be wise to deny access because then they deny themselves the access. lou: and the last man to walk on the mood will join us friday evening
and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com if you have a buness idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reali. start your business today with legalzoom. lou: a least one place the united states and russia get along. aboard the international...
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Feb 27, 2014
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tax law. seeking the customers that want to hide the assets and this is simply not acceptable. we are working daily to build a better reality for credit suisse and the private banking model. we try to demonstrate leadership in a number of different ways. we supported the legal steps sts that here in switzerland that would enable the authority to attain information at the cover unpaid taxes from the client. we strongly support at every opportunity for supporting it up in the usa and switzerland working closely with the senate to make the law as effective as possible. while we supported it other banks opposed it. because we embraced it, credit suisse now has in place sooner than required procedures to make sure u.s. clients demonstrate compliance in u.s. tax law. in addition, credit suisse supports information exchange including the oecd efforts in the standards for automatic information exchange. we also supported the ratification of the protocol for the double taxation treaty agreed to by the
tax law. seeking the customers that want to hide the assets and this is simply not acceptable. we are working daily to build a better reality for credit suisse and the private banking model. we try to demonstrate leadership in a number of different ways. we supported the legal steps sts that here in switzerland that would enable the authority to attain information at the cover unpaid taxes from the client. we strongly support at every opportunity for supporting it up in the usa and switzerland...
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Mar 4, 2014
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tax law. seeking out u.s. customers who want to hide untaxed assets and profiting from these untaxed assets is simply not acceptable. mr. chairman, we are working daily to build a different and better legal and cultural reality for credit suisse and the swiss private banking model. we have tried to demonstrate in this area and a number of different ways. we have supported legal steps both here and in switzerland that would enable the u.s. authorities to obtain information and recover unpaid taxes from u.s. plants. credit suisse has strongly supported at every opportunity, supporting about the u.s. and switzerland and working closely with the united states senate to make the law as effective as possible. while we supported the law, other banks opposed to. because we embraced it credit suisse now has in place sooner than required procedures to make sure u.s. clients demonstrate compliance with u.s. tax law. in addition, we support for information exchange including the oecd efforts towards globa
tax law. seeking out u.s. customers who want to hide untaxed assets and profiting from these untaxed assets is simply not acceptable. mr. chairman, we are working daily to build a different and better legal and cultural reality for credit suisse and the swiss private banking model. we have tried to demonstrate in this area and a number of different ways. we have supported legal steps both here and in switzerland that would enable the u.s. authorities to obtain information and recover unpaid...
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Feb 28, 2014
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a tax credit. not a deduction. but a tax credit for the $35,000 for the employer. so this program is no cost to the business. my plan is also revenue neutral. no cost to taxpayers. think about it the intern would be paying taxes on the 35,000. also spending money in the community, which creates revenue for the irs. and also big point, the intern will not be drawing unemployment insurance, saving the taxpayers, and the business? they get work out of that intern, can test run expanding without running about costs. this plan is simple, targeted, matches needed skills with jobs available. we don't even need to add any bureaucracy. businesses just take that $35,000 credit on their tax return. and that's my off-the-record comment tonight. what do you think of my one page jobs plan? go to gretawire.com and tell us. >>> and are americans feeling buyer's remorse about president obama. take a look at the latest poll. 59% of americans are disappointed in the obama presidency. 59%. not just republicans. a big chunk of that disappointment coming from independence and democrats.
a tax credit. not a deduction. but a tax credit for the $35,000 for the employer. so this program is no cost to the business. my plan is also revenue neutral. no cost to taxpayers. think about it the intern would be paying taxes on the 35,000. also spending money in the community, which creates revenue for the irs. and also big point, the intern will not be drawing unemployment insurance, saving the taxpayers, and the business? they get work out of that intern, can test run expanding without...
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and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for est pain; it may cause an unsafe drop in blood pressure. side effects include adache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lastg more than four hours. stop taking vira and call youroctor right away if you experience a sudden decase or los in vision or hearing. this is the age of taking action. viagra. talk to your doctor. lois ar >>> but you know that in every account, by helping them into a chair, listening to them, all of those are opportunities. christ is really living in them. and then we bring christ to them in ourselves, and it is the final moment, when you know they got into the hands of god you know they were there. it's incredi
and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for est pain; it may cause an unsafe drop in blood pressure. side effects include adache, flushing, upset stomach, and abnormal vision. to...
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Mar 6, 2014
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he is an attorney, a tax specialist. he testified at a point in the process of reviewing these tea party applications that he had enough evidence to deny or fwrapts our applications. yet lois lerner interfered and said no, we need to be able to submit this to the chief counsel's office. by the way, carter hall said he'd never had that happen in the 48 years in the irs. so that put that immediately into the potential political issue. so if i'm lois lerner today, i would want or certainly have a compelling reason to testify, especially since the justice department, a few months ago said there's not going to be any -- >> you know what, if i was lois lerner, i would have taken the fifth, i know it's a thorny issue whether she waived it or not. innocent people take the fifth. guilty people take the fifth. especially when you have e-mails like this. even though the justice department has signed off on this. i would take the fifth if i were lois, and i would advise her too. >> the presumption is innocence, but as a general mann
he is an attorney, a tax specialist. he testified at a point in the process of reviewing these tea party applications that he had enough evidence to deny or fwrapts our applications. yet lois lerner interfered and said no, we need to be able to submit this to the chief counsel's office. by the way, carter hall said he'd never had that happen in the 48 years in the irs. so that put that immediately into the potential political issue. so if i'm lois lerner today, i would want or certainly have a...
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Feb 27, 2014
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and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com lois ar >>> but you know that in every account, by helping them into a chair, listening to them, all of those are opportunities. christ is really living in them. and then we bring christ to them in ourselves, and it is the final moment, when you know they got into the hands of god you know they were there. it's incredible. >> well, we promise you an update on the legal battle pinning the united states government against the women you just saw, nuns, who have devoted their lives to helping the least of these, the little sisters of the poor launched a full appeal this week asking the tenth circuit court of appeals to protect their religious freedoms so they're not forced to provide contraception to their insurers. last night i spoke to the senior counsel for the nuns and asked him what is going on right now? >> so we're asking the court of appeals to give us longer-lasting relief. y
and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com lois ar >>> but you know that in every account, by helping them into a chair, listening to them, all of those are opportunities. christ is really living in them. and then we bring christ to them in ourselves, and it is the final moment, when you know they got into the hands of god you know they...
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Feb 28, 2014
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with value, and that was to get our government spending down to live within our means, to get fair taxes that don't ruin people's businesses and their lives, and we believe the things the republican party had been saying. that was our big crime, but they called us a big boy republican, and now to be referred to as a tea party patriot makes my life easier. didn't like the bad boy republican thing, but i just want you to know what brought me back because i left for 12 years, and when i left, having set term limits, i never thought i would come back to congress again, because when i left, we had actually balanced the budget for the first time in 40 # years. in 1998, we balanced the budget. 1999, we blnsed the budget, and in 2000, not only was it balanced, but had a 240 billion some surplus. the frl budget was 1.7 trillion. i fast forward, i'm out for 12 # years, and i see what happens in 2010. the glorious patriots standing up, fighting gebs the most tie rankle president every in the history of america, and i see -- my juices start fleeing, get energizedded, they are on the mark, and in 201
with value, and that was to get our government spending down to live within our means, to get fair taxes that don't ruin people's businesses and their lives, and we believe the things the republican party had been saying. that was our big crime, but they called us a big boy republican, and now to be referred to as a tea party patriot makes my life easier. didn't like the bad boy republican thing, but i just want you to know what brought me back because i left for 12 years, and when i left,...
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Mar 6, 2014
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or carbon tax or some other non-income based tax added to our existing tax system >> senator hatch, i think the budget lays out clearly our tax policies for the next 10 years. for a number of years now the president has laid out principles that should govern how we look at social security reform, and i'd be happy to follow up and work with you on that going forward. >> i would appreciate that. my time is up. >> senator burr up next and then senator stab beno. >> both you and the president stated you were outraged by this behavior. senator, do you stand by that comment today zblrnlts >> senator, i have stood by my comments the actions taken reflected bad judgment and were unacceptable, couldn't happen again. we put in place an acting director at the irs who did a fine job to bring things into order. we have a new commissioner at the irs equally first rate. we are committed to running the best irs we can possibly run. i'm equally cobbconvinced there was not any malicious action there, it was bad judgment and that bad judgment was unacceptable. >> i ask you because the contrition you e
or carbon tax or some other non-income based tax added to our existing tax system >> senator hatch, i think the budget lays out clearly our tax policies for the next 10 years. for a number of years now the president has laid out principles that should govern how we look at social security reform, and i'd be happy to follow up and work with you on that going forward. >> i would appreciate that. my time is up. >> senator burr up next and then senator stab beno. >> both you...
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liz: tax preparers oversee it, not the irs or age age as, tax preparers, you come in and file the tax return and get direct deposit and the earned income tax credit is money that goes out the door, if you are frauds to you take the money and run. the fraud rate is anywhere from 20% to 25% of to 130% fragile the wind out the door. stuart: it is a check that comes in the meal, earned money on the books but very little money, we are giving those people more money and get a check every year and now the president wants to bring in an extra 13 million people who don't have children, newly eligible. liz: bringing more people into the system that they have known for years is broken and rife with fraud. they now how to play and are playing the big time. they get direct a pause a check through the earned income tax credit and get the money and take it and run. stuart: if it is called buying votes. we have more in a second. check the big board. we are down 35 points. we got our first look at employment before the big report friday. is there a bright spot? charles: it is an unmitigated disaster.
liz: tax preparers oversee it, not the irs or age age as, tax preparers, you come in and file the tax return and get direct deposit and the earned income tax credit is money that goes out the door, if you are frauds to you take the money and run. the fraud rate is anywhere from 20% to 25% of to 130% fragile the wind out the door. stuart: it is a check that comes in the meal, earned money on the books but very little money, we are giving those people more money and get a check every year and now...
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Mar 5, 2014
03/14
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and that's the earned income tax credit, as well. i mean, that actually is -- a refundable tax credit that a lot of people support that gives low-income people the ability to get -- >> it is -- i wish we had more time to make this argumentment at the end of the day, it's a one-time payment. people need money year round. i'm not sure that government should be subsidizing -- >> that's why that needs to be change. >> i think we can agree on that. i know we didn't have time. thank you very much. >>> that wraps up things for "the reid report." i'll see you tomorrow at 2:00 p.m. eastern. join us on line at thereidreport.com. "the cycle" is up next. >>> i wish you had more time for that segment, too. sounds interesting. good debate. we've got a lot on the ukraine, obviously. following breaking news and breaking diplomatic announcements. we'll bring it to you. also gay rights and the argument over chicken wings. >> i'm on a diet. i don't want to hear that. get married, have a couple of kids, [ children laughing ] move to the country, and liv
and that's the earned income tax credit, as well. i mean, that actually is -- a refundable tax credit that a lot of people support that gives low-income people the ability to get -- >> it is -- i wish we had more time to make this argumentment at the end of the day, it's a one-time payment. people need money year round. i'm not sure that government should be subsidizing -- >> that's why that needs to be change. >> i think we can agree on that. i know we didn't have time. thank...
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Feb 26, 2014
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this tax reform, lowering tax rates one of the best ideas. just because we have a president that believes in tax redistribution and class warfare doesn't mean we shouldn't say what we think is the right way to go. >> let me ask you as an investor and capitalist and entrepreneur in this country about an idea that i think your party floated that i am really concerned about. you want to tax me 10% surcharge on my income over 450,000 and apply common income taxation to capital gains. that i can ensure you is a bad idea. i speak on behalf of everybody that puts capital in harms way to create businesses. bad idea. i hope you are not going to push that forward. >> i don't want to do things like this but when we are dealing with the code we have and trying to replace it with revenue neutral code we have to do broadening. we are talking about lowering rates across the board. i think you are talking about private equity. the key is we are bringing the rates on ordinary income down to 25% and a few down to 35%. effective top tax rate on individual incom
this tax reform, lowering tax rates one of the best ideas. just because we have a president that believes in tax redistribution and class warfare doesn't mean we shouldn't say what we think is the right way to go. >> let me ask you as an investor and capitalist and entrepreneur in this country about an idea that i think your party floated that i am really concerned about. you want to tax me 10% surcharge on my income over 450,000 and apply common income taxation to capital gains. that i...
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Feb 28, 2014
02/14
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>> guest: oh my god but tax on the recreational stuff i think is about 36% and they think that tax revenues for the state in the first year or this year alone will be over $100 million. it's crazy. it's a super high tax. >> host: jeff in spencer. >> guest: that's the other part of this thing and no one is saying hey i'm sorry. it's not stopping anybody from buying the stuff. >> host: jeff and spencer west virginia independent caller, go ahead jeff. >> caller: for full disclosure that was a big toke her for years and i quit about 14 years ago when my son came along. we used to call it natures prozac. there is another side to this. our founding fathers notoriously had pills of marijuana. they grew it for different reasons. i am sure they smoked a little bit but the fibers in the marijuana the actual plant, not the blood are very strong. you can make clothing and paper for books. there is a wide range of stuff that you can use it for and it seems to me this can actually span out into maybe some stoner say hey man lets start making t-shirts and they get a little co-op going this way. this could
>> guest: oh my god but tax on the recreational stuff i think is about 36% and they think that tax revenues for the state in the first year or this year alone will be over $100 million. it's crazy. it's a super high tax. >> host: jeff in spencer. >> guest: that's the other part of this thing and no one is saying hey i'm sorry. it's not stopping anybody from buying the stuff. >> host: jeff and spencer west virginia independent caller, go ahead jeff. >> caller: for...
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Feb 28, 2014
02/14
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FBC
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sandra: the federal tax rate is 39.6%. stuart: more on the estate taxes, calif. have the highest estate tax, 10% on that kind of income if you're going to college so they lost half just like that. don't get me started. come on, take a look at 3d systems. it made $74 million from 3d printers last quarter. -pthe stock is up to date, but that is not the news. i will give you the news. this company is teaming up with hershey's, a 3d printer uses sugar, not that plastic stuff. they make 3d models, 3d printed food. it is here. we are joined by the ceo of 3d systems, a frequent guest on this program and a welcome one. good to see you. i have here, not sure if i can get it on camera very easily but these are what you guys printed for us, these are 3d printed little sugar balls. i take it you could have created these made of chocolate as well? >> absolutely. that is the heart of developing delectable edible printable sugar for decorations and cake tops but also delicious chocolate and a little bit down the road we are really looking at how do we define personalized nutrit
sandra: the federal tax rate is 39.6%. stuart: more on the estate taxes, calif. have the highest estate tax, 10% on that kind of income if you're going to college so they lost half just like that. don't get me started. come on, take a look at 3d systems. it made $74 million from 3d printers last quarter. -pthe stock is up to date, but that is not the news. i will give you the news. this company is teaming up with hershey's, a 3d printer uses sugar, not that plastic stuff. they make 3d models,...
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Feb 26, 2014
02/14
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but the wealthy have found new ways to avoid taxes. puerto rico, the kamens, singapore and other locations are getting business from those diverted from switzerland. it's like whack-a-mole tax evasion. >> that's what you did, right, guy? >> don't lump me in. rogue trader. rogue banker. rogue trader. these were the cats that were studs until they get caught. the only difference between a partner and a rogue trader is whether you made or lost money. that's the truth, folks. don't give me the rogue banker stuff. they knew what was going on the whole time. guy adami has spoken. >> there's two facts that don't square. the fed is saying these are 22,000 accounts. 95% of them were not reported to irs. therefore, illegal. you have credit suisse saying, this was just a few guys. a few guys are not going to be running 20,000 accounts. one of the two are wrong. just because you have a swiss bank account doesn't mean you're doing something illegal. the problem is, they can't get information from that because swiss law forbids banks right now from
but the wealthy have found new ways to avoid taxes. puerto rico, the kamens, singapore and other locations are getting business from those diverted from switzerland. it's like whack-a-mole tax evasion. >> that's what you did, right, guy? >> don't lump me in. rogue trader. rogue banker. rogue trader. these were the cats that were studs until they get caught. the only difference between a partner and a rogue trader is whether you made or lost money. that's the truth, folks. don't give...
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Feb 26, 2014
02/14
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CNNW
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tax code. wolf? >> what does it mean, this promo -- it's just a proposal right now by congressman camp, for some popular tax breaks? >> reporter: yeah. i mean, the simplification for those tax breaks really means that taxpayers could wind up, believe it or not, losing things like the deduction for home mortgage interest. but it may be worth it for some people. you know, just to have, you know, a simpler experience when filing their taxes. otherses say good luck, because some americans are concerned about eliminating those kind of things during an election year. it could cost voters. regardless, though, none of this likely to happen any time soon. lawmakers will maybe get around to it by 2017. and something to keep in to it, but this plan itself has been in the works for three years now. wolf? >> it has been in the works for a long time. don't expect this current president of the united states to sign any close to that into law either. he has a different view. maybe one of these days they will work ou
tax code. wolf? >> what does it mean, this promo -- it's just a proposal right now by congressman camp, for some popular tax breaks? >> reporter: yeah. i mean, the simplification for those tax breaks really means that taxpayers could wind up, believe it or not, losing things like the deduction for home mortgage interest. but it may be worth it for some people. you know, just to have, you know, a simpler experience when filing their taxes. otherses say good luck, because some...
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Feb 26, 2014
02/14
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micro economic consequences of the crisis the state believes that government spending should be cut taxes reduced in the conditions for medium size businesses improved according to some studies do for today piece multiple posts in and busted me is that the wheat with a beak that the national identity of benjamin's more than one hundred thousand gbp it so we have to be made that debbie who because of my duty if indignation we have to be among sixty per cent nickel alfonso is remembered from congo. several years ago he moved from france but cannot find a job and went to brussels. there he was lucky he is now an employee of the european parliament actual service. yep it's the pizza. it took me much time to find a job i have a family and i need to feed them. governments need to be able to manage the crisis well. this painting won't see the overall income the crisis will intensify. it was a challenge for me new peanut countries including belgium ah we going to be a bit to recall for and accepted that the leaven of golf team mom and two monty percent oh i'll be going to continue full many years
micro economic consequences of the crisis the state believes that government spending should be cut taxes reduced in the conditions for medium size businesses improved according to some studies do for today piece multiple posts in and busted me is that the wheat with a beak that the national identity of benjamin's more than one hundred thousand gbp it so we have to be made that debbie who because of my duty if indignation we have to be among sixty per cent nickel alfonso is remembered from...
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Mar 1, 2014
03/14
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billions of unpaid taxes remain uncollected. thanks to tax evaders years of bank secrecy. we have grave concern that the battle to collect the taxes seems stalled. our investigation chronicles the uneven and halting progress made in identifying u.s. taxpayers who cheated urning l sam by using offshore accounts. a bipartisan report that we are releasing today cites chapter and verse of the failure to taxes owed and hold accountable the u.s. persons who evaded their tax obligations and those who helped them. to lay bear the problems i report uses a detailed case study. after the ubs scandal broke in 2008, the subcommittee asked them as well as several other swiss banks whether they had been engaged in the same type of conduct as ubs. they privately admitted to subcommittee investigators it had but it was going clean up. after seven bankers were indicted by the justice department in 2011, we checked in again and found the bank had not yet closed thousands of undeclared swiss accounts held by u.s. taxpayers. so we decided to take a close are look. what we found was that they h
billions of unpaid taxes remain uncollected. thanks to tax evaders years of bank secrecy. we have grave concern that the battle to collect the taxes seems stalled. our investigation chronicles the uneven and halting progress made in identifying u.s. taxpayers who cheated urning l sam by using offshore accounts. a bipartisan report that we are releasing today cites chapter and verse of the failure to taxes owed and hold accountable the u.s. persons who evaded their tax obligations and those who...
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Mar 4, 2014
03/14
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sure there is no political activity because that is the bench mark that they use for giving out this tax exempt status. but they struck a deal. if it took it to 49%, you could get a resolution quicker. >> they did, they called it an expedited process. so they told us if we took a special deal and agreed to a lower threshold than all the organizations who were not target targeted then they would expedite our process. i want to make it clear, these regulations have been in place since 1959, a decade before man landed on the moon. and what they're doing now is changing the definition of political activity. my organization has not been involved in political activity as it is defined today. >> thank you very much. good to have you here tonight. >>> thank you. >>> so a new warning from president obama to one of our best allies in the middle east, as the prime minister of israel, benjamin netanyahu, crosses the pond and has yet another face to face meeting as in the past, his spokesperson joining us live. >>> and the latest on a court victory for the parents of a 15-year-old girl in state custo
sure there is no political activity because that is the bench mark that they use for giving out this tax exempt status. but they struck a deal. if it took it to 49%, you could get a resolution quicker. >> they did, they called it an expedited process. so they told us if we took a special deal and agreed to a lower threshold than all the organizations who were not target targeted then they would expedite our process. i want to make it clear, these regulations have been in place since 1959,...
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Feb 26, 2014
02/14
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and pay no taxes for 10 yea. with new jobs, new opportunities. ana new tax free plan. there's only one way for yo business to go. up. find out if your businessy can alify at start-upny.com stuart: here we go, new home sales, 5 year high in january up 9.6% seasonally adjusted annual rate 468,000 units. the weather had no and hacks, best levels since july of 2008. california couple found $10 million worth of gold coins buried in the yard, 1400, gold pieces dating back to the late 1800'ss, some of them in near mint condition, the couple gets to keep them. will ferrell, the latest celebrity pitching obamacare, this time on his face book page. that is a picture of him but it didn't go over well witt his fans. as of right now over 5,000 comments columns negative. next we bring you the real book. for over a decade millions have raised their hand for the proven relie of the purple pill. and that relief could be in your hand. for many, nexium helps relieve heartburn symptoms from acid reflux disease. find out how you can save at purplepill.com. there is risk of bone fracture an
and pay no taxes for 10 yea. with new jobs, new opportunities. ana new tax free plan. there's only one way for yo business to go. up. find out if your businessy can alify at start-upny.com stuart: here we go, new home sales, 5 year high in january up 9.6% seasonally adjusted annual rate 468,000 units. the weather had no and hacks, best levels since july of 2008. california couple found $10 million worth of gold coins buried in the yard, 1400, gold pieces dating back to the late 1800'ss, some of...
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Feb 26, 2014
02/14
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for example, people who have certain tax deductions they have come to count on every tax season are not going to want to see those go away, regardless what they think of the irs, regardless whether they believe that those eliminating those tax deductions would lower tax rates overall. so i think that is just one example of why this is so volatile. perhaps we could see action on it after election season is over. certainly depending who holds the senate next year. it will be very interesting to see the future of these proposals. but in terms of reforming, for example, tax-exempt groups, there is nothing more vital to the republican base than keeping their ability to, to do political action through some of these increasingly powerful organizations. jon: so is that why republicans are so keen, for instance, to get lois lerner back in front of the committee to testify on capitol hill? >> yes, they do not feel lois lerner has not been up front. in many ways she hasn't. she pleaded the fifth and did not answer republicans questions last time she was on capitol hill. in fact we saw republican l
for example, people who have certain tax deductions they have come to count on every tax season are not going to want to see those go away, regardless what they think of the irs, regardless whether they believe that those eliminating those tax deductions would lower tax rates overall. so i think that is just one example of why this is so volatile. perhaps we could see action on it after election season is over. certainly depending who holds the senate next year. it will be very interesting to...
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Feb 26, 2014
02/14
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KCSM
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micro economic consequences of the crisis the state believes that government spending should be cut taxes reduced in the conditions for medium size businesses improved according to some studies to pull to the peace multiple posts and thus the news that the wheat with a beak that the national identity of benjamin's more than one hundred thousand gbp it so we have to be a made bed that these two because by the duty of indignation we have to be among sixty per cent nickel alfonso is remembered from congo. several years ago he moved from france but cannot find a job and went to brussels. there he was lucky he is now an employee of the european parliament actual service. yep it's the pizza. it took me much time to find a job i have a family and i need to feed them. governments need to be able to manage the crisis well. this painting won't see the overall income the crisis will intensify. it was a challenge for me new peanut countries including belgium ah we going to be a bit to recall for and accepted that the leaven of golf team mom and two monty percent oh i'll be going to continue full many
micro economic consequences of the crisis the state believes that government spending should be cut taxes reduced in the conditions for medium size businesses improved according to some studies to pull to the peace multiple posts and thus the news that the wheat with a beak that the national identity of benjamin's more than one hundred thousand gbp it so we have to be a made bed that these two because by the duty of indignation we have to be among sixty per cent nickel alfonso is remembered...
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Mar 6, 2014
03/14
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KCSM
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that manufacture products for the mom of two billion cu providing home was excited with the change in taxes to the budget. businessman intended to give image of the moratorium announced by the president to make suggestions to change the requirements for doing business. currently the national chamber rob norris together with the representatives of business has already prepared more than two hundred amendments to the laws regulations and other ninety three amendments was cemented by the inter departmental government committee is expected that the procedures for starting business will be simplified since the beginning of two thousand fifteen. in addition the list of approval documents will be reduced as the shooting process will be fully automated. the system of controls will be changed. it is also expected that business about cement floors with unblemished reputation for not less than thirty years and with experience in such proceedings will protect the rights of affected and open doors osbourne it was pointed out the moratorium is needed for serious reforms in the business environment sunday
that manufacture products for the mom of two billion cu providing home was excited with the change in taxes to the budget. businessman intended to give image of the moratorium announced by the president to make suggestions to change the requirements for doing business. currently the national chamber rob norris together with the representatives of business has already prepared more than two hundred amendments to the laws regulations and other ninety three amendments was cemented by the inter...
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Mar 2, 2014
03/14
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CSPAN
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to get fair taxes. we actually believed the things that the republican party stood for. that too is our big crime. they called us the bad boy republicans. now, to be referred to as a tea party patriot makes my life a lot easier. my wife did not like the bad boy republican thing. i want you to know what brought me back because i left for 12 years. i kept my term limit pledge. i never thought i would come back again. when i left, we had balanced the budget for the first time in 40 years. in 1998 we balance the budget. the year i left, in 2000, we have a $247 billion surplus. the federal budget was $1.7 trillion. fast forward 12 years, i see what happened 2010, with you glorious patriots standing up and fighting against the most to radical -- tyrannical president that we have ever had in the history of america. my juices just are flowing. i get energized. these patriots were on the mark. in 2012, i decided to come back and run again. i believe, with all my heart, that this movement is growing. you have heard from folks in the media, the liberals, we refer to it as the mains
to get fair taxes. we actually believed the things that the republican party stood for. that too is our big crime. they called us the bad boy republicans. now, to be referred to as a tea party patriot makes my life a lot easier. my wife did not like the bad boy republican thing. i want you to know what brought me back because i left for 12 years. i kept my term limit pledge. i never thought i would come back again. when i left, we had balanced the budget for the first time in 40 years. in 1998...
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Mar 6, 2014
03/14
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this is such a spectacle it's hard for him to leave for the removal of tax is that he has become the second innings. in sweden for excel coal what is a comprehensive trade the system. so i called tech industry. when is he a chore to wear heels to win in ninety percent with intent to what was up to. it was as good a shot. what governments can provide you with such benefits. in japan and korea when you say that hard wearing house would condone blocking out the brink of joining the workforce. what is at the mall or next winning book outside head. it is because more books remain in peace. i want to see that on top of this great if email is based in the market. cups used and maintained. as many developed countries struggle with the consequences of an aging population. the kids helped make the best use of limited resources. and citizens. i made for study suggests that companies are full with greater number of women in the workforce. yet both senators counting of the g seven countries. hi it's me. it can trace the path to gdp on the sand it's easy for women to stay in the workforce would ma
this is such a spectacle it's hard for him to leave for the removal of tax is that he has become the second innings. in sweden for excel coal what is a comprehensive trade the system. so i called tech industry. when is he a chore to wear heels to win in ninety percent with intent to what was up to. it was as good a shot. what governments can provide you with such benefits. in japan and korea when you say that hard wearing house would condone blocking out the brink of joining the workforce. what...
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Feb 26, 2014
02/14
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and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com to nbcuniversal's coveragens of the biggest loser olympic winter games ever, with the most coverage of the most events on every device. and the most hours of streaming video on the nbc sports live extra app, including the x1 platform from xfinity. comcast was honored to bring every minute of every medal of nbcuniversal's coverage to every screen. so what's next? rio 2016. welcome to what's next. comcast nbcuniversal. purina dog chow light & healthy is a deliciously tender and crunchy kibble blend. with 20% fewer calories than purina dog chow. isn't it time you discovered the lighter side of dog chow. purina dog chow light & healthy. to manage your money.r guy around 2 percent that's not much, you think except it's 2 percent every year. go to e*trade and find out how much our advice and guidance costs. spoiler alert. it's low. it's guidance on your terms not ours. e*trade. less for
and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com to nbcuniversal's coveragens of the biggest loser olympic winter games ever, with the most coverage of the most events on every device. and the most hours of streaming video on the nbc sports live extra app, including the x1 platform from xfinity. comcast was honored to bring every minute of every medal...
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Mar 7, 2014
03/14
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CSPAN2
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those people can move into a plan to the marketplace at their eligible for a tax credit. they may find this less expensive than what they had and it might provide coverage that is better than what they had. for some people that's not true so we wanted to give his many people options so as many people as can get coverage. >> i've a question. you have a general sense of how many people are enrolling in the individual market plans in these exchanges? >> no, i don't. i don't think we have done anything to try to collect that data and we have had conversations recently with the associations to try to see what we could do to get that data. i think it's a really important question because obviously the goal is to get as many people ensure it is possible and whether they are on the exchanger off the exchange is interesting but not a critical question. for people who are not eligible for subsidies enrolling in plants is perfectly reasonable approach. that's a question a lot of people are asking and we will see what we can do together that data but right now we don't have that info
those people can move into a plan to the marketplace at their eligible for a tax credit. they may find this less expensive than what they had and it might provide coverage that is better than what they had. for some people that's not true so we wanted to give his many people options so as many people as can get coverage. >> i've a question. you have a general sense of how many people are enrolling in the individual market plans in these exchanges? >> no, i don't. i don't think we...
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Mar 6, 2014
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the 100-year-old law as viewers of this program know says tax exempt social welfare organizations must be civic leagues of organizations not organized for profit but operated exclusively for the promotion of social welfare. and then in 1959, president eisenhower's chief counsel at the irs wrote an interpretation of that have law, called a regulation, that says that 50 c-4's must be operated primarily, that was his word, primarily for social welfare. if there is a scandal here, it is this president eisenhower's irs, effectively rewrote the law from exclusively to primarily without any consultation with the congress, without the legal authority to do that. congress is responsible for writing those law, not the irs. that is genuinely scandalous that that happened. and no one at fox news knows that that happened in 1959. i have issued a permanent invitation for darrell issa to come on this program to have what i promise will be a civil discussion of his investigation and the law. i will begin that discussion telling him right now, by doing something apparently none of his staff have done.
the 100-year-old law as viewers of this program know says tax exempt social welfare organizations must be civic leagues of organizations not organized for profit but operated exclusively for the promotion of social welfare. and then in 1959, president eisenhower's chief counsel at the irs wrote an interpretation of that have law, called a regulation, that says that 50 c-4's must be operated primarily, that was his word, primarily for social welfare. if there is a scandal here, it is this...
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Mar 4, 2014
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and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com ♪ ♪ ♪ i'm saving a ton of time by posting them to my wall. oh, i like that one. it's so quick! it's just like my car insurance. i saved 15% in just 15 minutes. i saved more than that in half the time. i unfriend you. that's not how it works. that's not how any of this works. [ male announcer ] 15 minutes for auote isn't how it works anymore. with esurance, 7 1/2 minutes could save you on car insurance. welcome to the modern world. esurance. backed by allstate. click or call. nbc sports anchor bob costas. there was controversial over his comments about putin during the olympic coverage. >> just in the past year, putin brokered a deal to allow syria to avoid a u.s. military strike by giving up its chemical weapons. and help bring iran to the negotiating table over its nuclear intentions. and he has repeatedly showcased his confidence to take over the west particularly the unit
and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com ♪ ♪ ♪ i'm saving a ton of time by posting them to my wall. oh, i like that one. it's so quick! it's just like my car insurance. i saved 15% in just 15 minutes. i saved more than that in half the time. i unfriend you. that's not how it works. that's not how any of this works. [ male announcer ] 15...
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Feb 28, 2014
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BLOOMBERG
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he takes on the nfl odds tax-exempt status. taken on the nfl tax-exempt status. >> i guess it is good if everyone is upset. dave camp wants to change that private equity tax. >> that is right. he would change the rule for the carried interest that affects both the hedge fund committee -- community and the private equity community. they are just one of several groups that will go after that and complained about that. he says, you've got to look at the whole balance of what the financial industry will get out of a more healthy economy. he thinks 2 million jobs will be created. growth is perhaps 20% better, that is the figure you put out there. and he talks about the politics. it is a midterm election year, and there are some republicans that don't want to rock the ship. i asked him about that. has he put his own party on the spot? here is part of his response. >> we need to be engaged in the big issues of the day. growing the economy, creating jobs, and i have specific proposals to do that. that is what the american people sent u
he takes on the nfl odds tax-exempt status. taken on the nfl tax-exempt status. >> i guess it is good if everyone is upset. dave camp wants to change that private equity tax. >> that is right. he would change the rule for the carried interest that affects both the hedge fund committee -- community and the private equity community. they are just one of several groups that will go after that and complained about that. he says, you've got to look at the whole balance of what the...
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Feb 26, 2014
02/14
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number one, it would vilify tax rates which ash simplify tax rates for children for education. it would get rid of special interest handouts. it would also eliminate the carried interest tax benefit, which is been a lightning rod in d.c. greg, you, i know, as a former ceo, have quite a lot of opinions about the tax rate and how it is affecting corporate america. what do you think would be the biggest change in the tax code that would help create jobs? >> wow. job creation is, to me, something that has to come from a lack of regulation. the issue that we have had for years now is over-regulation. when you see topics like minimum wage, use it the obama white house working on this, that i want to regulate this, i want to force this, those are not helpful. the government does not have a lot of things that it runs that run well. almost nothing you can point to the -- you wouldn't say "let's privatize that," and it would work good from the job creation standpoint, the less relations and hurdles you have, particularly on small business -- >> but on taxes, what would it be? what reform
number one, it would vilify tax rates which ash simplify tax rates for children for education. it would get rid of special interest handouts. it would also eliminate the carried interest tax benefit, which is been a lightning rod in d.c. greg, you, i know, as a former ceo, have quite a lot of opinions about the tax rate and how it is affecting corporate america. what do you think would be the biggest change in the tax code that would help create jobs? >> wow. job creation is, to me,...
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Mar 5, 2014
03/14
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. >> the tax on individual mandate either by health insurance or by you pay the tax is frankly not fair. >> hard working americans are struggling under the president's health care bill. they don't need to see 1% of their salary taxed because they can't navigate a failing obamacare bureaucracy. >> whether it's the first vote or the 50th vote, this is the right thing to do. >> the irony or the weird boneheadedness of trying to repeal settled law for the 50th time was not lost on democrats. it was in its way a golden anniversary for republican in-trance gents. >> i want to wish my colleagues a happy 50th anniversary. >> but all these apity obamacare votes are no longer a calorie free chemically induced sugar high for the gop. prior to this year, voting to appeal was a freebie. a statement without real meaning but which nevertheless appeased wild eyed reactionaries on the right. now it comes with a cost. now it takes statement of intent, to annul millions of people's health care benefits. but do not expect that reality to produce a republican health care alternative anytime soon. for the mo
. >> the tax on individual mandate either by health insurance or by you pay the tax is frankly not fair. >> hard working americans are struggling under the president's health care bill. they don't need to see 1% of their salary taxed because they can't navigate a failing obamacare bureaucracy. >> whether it's the first vote or the 50th vote, this is the right thing to do. >> the irony or the weird boneheadedness of trying to repeal settled law for the 50th time was not...